Dec. 6 at 2:43 AM
Actionable Trade Alert for
$DBX:
Market Context:
$DBX is currently trading at
$29.78, showing a neutral to slightly bearish sentiment with an RSI of 42.86, indicating potential for upward movement as it is below the oversold threshold. The stock is positioned between its 60D high of
$32.4 and low of
$27.74, suggesting a range-bound scenario.
Directional Bias: The stock is above its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$29.63 and
$29.57 respectively, indicating a potential bullish reversal.
Trade Plan:
- Suggested Entry:
$29.80 (slightly above last close to confirm momentum)
- Stop Loss:
$28.50 (to limit downside risk)
- Take Profit Targets:
1.
$31.00 (10% ROI)
2.
$32.00 (7.5% ROI)
3.
$34.80 (17% ROI)
With the potential to reach the third target, this trade plan offers a favorable risk-reward ratio. Monitor the ATR of
$0.71 for volatility.
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